Alphabet raises Sundar Pichai pay package to USD 692 million with stock incentives

Alphabet increased Google CEO Sundar Pichai’s total potential pay to $692 million over the next three years, making him one of the best-paid chief executives in the world, Financial Times reported on Saturday.

The bulk of Pichai’s package comes in performance stock units with a target value of $126 million split evenly into two tranches, the company said on Friday. The PSUs are valued by parent company Alphabet’s total shareholder return compared with the rest of the S&P 100 and could pay out as much as twice the target, or $252 million, if it outperforms significantly or nothing if it lags behind.